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Wall Street Eyes Weekly Gain as Peace Hopes Lift Futures

  Wall Street Poised for Weekly Gain as Futures Climb on Middle East Peace Hopes Wall Street looked set to close the week on a positive note as U.S. equity futures climbed Friday, supported by renewed optimism that diplomatic progress in the Middle East could ease geopolitical tensions. Investors have been highly sensitive to any signs of de‑escalation, and this week’s developments helped unwind some of the risk premiums that had weighed on global markets. Oil prices, which surged earlier in the month on fears of supply disruptions, pulled back again as ceasefire discussions gained traction. Lower energy costs have helped cool inflation expectations, giving markets a bit more breathing room after a volatile stretch. Major U.S. indexes are now on track for a weekly gain, with tech and consumer stocks leading the rebound. Still, analysts caution that sentiment remains fragile: any setback in negotiations could quickly revive market turbulence. For Canadian investors, easing oil v...
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Trump Escapes Prison and Fines in Hush-Money Case

In a landmark decision, President-elect Donald Trump has avoided any prison time or fines in the hush-money case that has captivated the nation. On Friday, Judge Juan Merchan handed Trump an unconditional discharge, sparing him from jail time, fines, or probation. This ruling makes Trump the first convicted felon to hold the White House.

Trump was convicted in May on 34 counts of falsifying business records to cover up a $130,000 payment to adult film star Stormy Daniels during his 2016 presidential campaign. Despite the potential penalties of up to four years in prison and $5,000 in fines for each count, the judge opted for an alternative sentence, citing the unique circumstances of the case.

During the hearing, Trump maintained his innocence and described the case as a "tremendous setback" for the justice system. The decision has sparked widespread debate, with some praising the judge's discretion and others criticizing the lack of tangible consequences for the president-elect.

Trump's legal team has indicated plans to appeal the jury's verdict, but for now, he remains a convicted felon as he prepares to take office on January 20.

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